How to Trade Penny Stocks 💥 DAY 6 | Small Account Challenge

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  • Опубликовано: 11 ноя 2024

Комментарии • 137

  • @DaytradeWarrior
    @DaytradeWarrior  Месяц назад +12

    Download my ThinkorSwim Layout, Micro Pullback PDF, and my Stock Selection PDF Guide: 🍏 warrior.app/tos-free-gifts1

    • @pausavino2682
      @pausavino2682 Месяц назад +1

      @DaytradeWarrior, micropullback strategy in what time frame is the right one? Thanksss

    • @Faithinfocus007
      @Faithinfocus007 Месяц назад

      Made it to the goal this month

    • @taniarakhavetskaya741
      @taniarakhavetskaya741 Месяц назад

      @@pausavino2682 1 minute

  • @JoggingDave
    @JoggingDave Месяц назад +26

    Man three uploads today! You are a BEAST Ross. Thank you for your dedication!

  • @EricLangdon-c7x
    @EricLangdon-c7x Месяц назад +29

    I made $8869 on KAVL 10,000 shares at $0.99 sold at $1.70 and then shorted it from $1.42 to $1.28 😅

    • @EricLangdon-c7x
      @EricLangdon-c7x Месяц назад +3

      PAPER TRADING

    • @wills9392
      @wills9392 Месяц назад +3

      Well at least I'm in the right places, I lost $60 (PT) in KAVL but I'm working off a bare bones $1000 cash account. Not having that second layer available a real kick in the nuts

    • @PUPILOFWORLD
      @PUPILOFWORLD Месяц назад +1

      Great Please guide me to some trades like this I have huge debt to Pay 😊

    • @Iam29win
      @Iam29win Месяц назад

      @@EricLangdon-c7x doesn’t matter!!!! The fact that you know how is amazing!!! Good for you!

  • @Soflotraders
    @Soflotraders Месяц назад +8

    Ross is the guy, I,ve been following him, using his strategies and it works, thanks Ross

  • @AaronGantt
    @AaronGantt Месяц назад +3

    There is so much gold in this lesson. Thank you for all you're doing, Ross. 🙏

  • @S197_Team
    @S197_Team Месяц назад +1

    I appreciate you always following up and being consistent on your uploads. I see so many setups and never execute, or get overly emotional because my risk profile is so low

  • @GlobalWorldNews1
    @GlobalWorldNews1 Месяц назад +2

    3 uploads today Ross -- you rock !

  • @ronaldbarton336
    @ronaldbarton336 Месяц назад +1

    Could you please discuss the quickest way to get in and out of trades using think or swim in extended hours and also any settings required?

  • @ryker_dunn9966
    @ryker_dunn9966 Месяц назад +2

    I did 1500 shares kavl today made 415 ish. Thank you for your help

  • @lotskie3811
    @lotskie3811 Месяц назад +2

    Thankyou Ross! I pulled out too early, its my 2nd day day trading lol. I still make $750. Got 2.5k shares of SEEL at .38 and sold at .41

    • @BigEd773
      @BigEd773 Месяц назад +2

      $AAGC has obligated themselves to buy back shares of their own stock every month using 20% of their monthly profits. Therefore if you buy and hold then - theoretically you can sell it back for $10 per share. As long as every investor understands this - we all go to the moon

    • @busterelkins9314
      @busterelkins9314 Месяц назад

      That's only $75 profit... Still a nice trade though.

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад

      Nice job!

    • @lotskie3811
      @lotskie3811 Месяц назад

      @@busterelkins9314 my fault. 25k**

  • @infinitelyllc
    @infinitelyllc Месяц назад +1

    Thank you for thinking about the students all the time! ❤

  • @conrazon
    @conrazon Месяц назад

    The conceptual and educational information shared in this video is worth every timeframe in gold. - for those who like me want to learn about the stock market and what to trade and what to run from.
    Thank you for sharing your experience

  • @sheilagarade8505
    @sheilagarade8505 Месяц назад +2

    Thank you for all this Ross!! How do you know for how long your position will keep moving up? Everytime I notice a little bit of red, I take all my money out. I also check MACD but sometimes it is not that consistent. I keep shorting my winners as you say lol. Thanks!!

    • @budweizer100
      @budweizer100 21 день назад

      He has an episode on this. Mostly, it's Level 2, red on the tape or large Sell order on the Ask, but can also be reducing green volume, over extension from the 9 EMA, topping tails, approaching previous resistance or psychological resistance

  • @Sharkdog11b
    @Sharkdog11b Месяц назад

    I love that shirt. And you thanks for sharing your life and knowledge with us

  • @Allie-v5p
    @Allie-v5p 25 дней назад

    Thank you Ross for great videos for small accounts! I noticed you don't trade at the opening of premarket at 4:00 am est. Is there a reason for not trading during that time?

  • @chiraggoyal-l4v
    @chiraggoyal-l4v Месяц назад

    Hi @ross I have been following your videos specially the tos challenge videos. Can you please cover how do you get in and out of trade quickly on tos during pre market

  • @deonzeelie
    @deonzeelie Месяц назад

    Can you possibly do one on your chart indicators and how you have your shart setup in detail 🙏🏻 please, EMA etc and why

  • @stevenm.438
    @stevenm.438 Месяц назад +3

    How can we trust level 2 when a large portion of the buy orders don’t hit the tape? KVAL power hour I was seeing 350,300,450 I couldn’t keep up with them it was a lot never hit the tape.

    • @melvinmoorman4512
      @melvinmoorman4512 Месяц назад +1

      Gotta balance that with time and sales as well.

  • @melvinmoorman4512
    @melvinmoorman4512 Месяц назад

    Its wild to me how many people watch the 1st 15 minutes of this video and comment “penny stocks are too risky for beginners”…. All of this is pretty comprehensively addressed in the entirety of the video. Ross is a “seed planter” and a “cultivator”. He regularly teaches to trade in a sim until consistently profitable! Urges traders not to use real money until they grasp what they are doing with evidence shown by profitability!
    Watch all the way through!!

  • @Gogetter0118
    @Gogetter0118 Месяц назад

    Thank you for helping me understand ❤ penny stocks

  • @zyanyaogkz
    @zyanyaogkz Месяц назад

    Thanks for the advice! Got AWS30G, feeling bullish! 🚀

  • @sowmyanarayananvijayaragha6675
    @sowmyanarayananvijayaragha6675 Месяц назад

    Another great lesson, thank you and appreciate your time and efforts

  • @benpainter236
    @benpainter236 Месяц назад

    Hey Ross, So i have exclusively using your content to learn and i wanna say thank you! Im at about 1k a day in the simulator and im trying to grow to 20k profit before i start my live account. Do you think that is a good time to go live?

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад

      Yes! if you can prove you can make money in the sim

  • @nathanyoung675
    @nathanyoung675 Месяц назад

    Thanks for the life changing advice Ross!

  • @JoseVargas-bj1wd
    @JoseVargas-bj1wd Месяц назад

    Because I trade with a relatively small (cash) account, I have become addicted to home runs, namely, the types of plays that halt up massively and the like.
    However, that’s not happening as much right now, and even most of the dips are not as likely to be bought up and reach HOD.
    I bought the dip on KAVL around $1.40 when I saw the 9 ema curl up, but didn’t get out in the $1.60’s because I was hoping it would end up squeezing, which it didn’t do.

    • @wrknathome9254
      @wrknathome9254 Месяц назад

      Same here. I have been looking for dip and rip set ups, but haven't seen as much "rip" of late. Market changes I recon.

  • @utubemuzic1
    @utubemuzic1 Месяц назад +1

    Thank you for your videos - great stuff. However, unless I missed it, you are selectively omitting the PDT constraint associated with an account under 25k . You cannot trade your small account every day if that is your ONLY account. It is not your only account so you are are golden to day trade everyday. Not all of us have that Ross. Thank you for all your great vids nevertheless. Cheers!

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад

      This is a cash account, no PDT rule. But I can only day trade once per day

    • @utubemuzic1
      @utubemuzic1 Месяц назад

      Yep, heard you say that and forgot. Thanks for reminding me.

  • @jaykelley4364
    @jaykelley4364 Месяц назад +1

    Great video Ross thank you!

  • @deonzeelie
    @deonzeelie Месяц назад

    Thank you Ross much appreciated buddy

  • @pausavino2682
    @pausavino2682 Месяц назад

    Number 1!!! 💪💪

  • @mdrv8141
    @mdrv8141 Месяц назад +8

    Penny Stocks are really not for the beginner trader. Feel like ur shifting the needle to penny stocks. It's really risky for slow beginner traders. Despite your caveat you make it look simple and tempting.

    • @Dheerusonak
      @Dheerusonak Месяц назад

      😊😊😊 Penny stock is Penny stock 😅😅

    • @TheTechieNerd
      @TheTechieNerd Месяц назад +1

      Agreed. It's extremely volatile

    • @melvinmoorman4512
      @melvinmoorman4512 Месяц назад +1

      That’s why its a good idea to trade in a sim until you are consistently profitable. The volatility is the thing that makes it work IF used properly and with risk management. There are certain ones that fit into parameters that are better to predict. It just takes patience, practice and getting out as soon as you see it isn’t working or taking profit early. Day trading at all is risky without a solid strategy and a dependency on solid risk management.

    • @tc96z1
      @tc96z1 Месяц назад +2

      It depends a lot on what is moving and learning concepts unfamiliar is part of it. He ALWAYS SAYS TO START IN A SIMULATOR.

  • @fearlesssymmetry6262
    @fearlesssymmetry6262 Месяц назад

    Thank you Ross!

  • @pearlh2650
    @pearlh2650 Месяц назад

    What’s a good trader simulator for someone wanting to test before going live with money?

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад

      We offer a great simulator that tracks all of the members trades to give you your metrics real time..

  • @souls_23
    @souls_23 Месяц назад

    Great as always

  • @jasontaylor2237
    @jasontaylor2237 Месяц назад

    hey Ross I got one for ya. I work during the day but I do see some stocks moving post market. What do you think about trading post market? thanks for any advice.

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад +1

      Post market or afterhours trading can work just as well as any other trading you just have to make sure you are looking at the right stocks and are trading the proper strategy.. We have many traders in the chat room that trade afterhours!

    • @jasontaylor2237
      @jasontaylor2237 Месяц назад

      @@DaytradeWarrior thanks a great deal Ross for the prompt response. Your words are encouraging.

  • @deweiqi3912
    @deweiqi3912 Месяц назад

    Can you show your position change in each trade in two week trial class so that we can learn where to get in and get out?

  • @georgegiorgio
    @georgegiorgio Месяц назад +1

    Ross, what’s the amount you risk for the 1st $1000 gain of the day?

  • @peterlightning9235
    @peterlightning9235 Месяц назад

    I've made the most so far by trading stocks under $1. And the funny thing is, I discovered that by accident. Boy, was I surprised. For some reason, I didn't think you could make much money with penny stocks. Maybe it's because of penny slot machines.

  • @Unpack
    @Unpack Месяц назад

    Thank you

  • @nealtv4222
    @nealtv4222 Месяц назад

    Aw hell yea !!!

  • @simonsmith5849
    @simonsmith5849 Месяц назад

    Ross, it seems like if I wanna trade like you I need a scanner. Can I just use ToS Scanners or do you recommend something else?

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад

      I would recommend the Warrior scanner... the TOS scanner will miss most of the stocks moving

    • @simonsmith5849
      @simonsmith5849 Месяц назад

      @@DaytradeWarrior Thanks for your reply. Do you trade on all days of the week? Do you treat certain days differently than others?

  • @BigEd773
    @BigEd773 Месяц назад +1

    $AAGC has obligated themselves to buy back shares of their own stock every month using 20% of their monthly profits. Therefore if you buy and hold then - theoretically you can sell it back for $10 per share. As long as every investor understands this - we all go to the moon

  • @EMA9-MCAD-RSI
    @EMA9-MCAD-RSI Месяц назад

    Got F'ed today with BDTX... news, volume, float... and got hosed... bought premarket... don't know why I was so confident

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад

      Float too high that’s why I passed on it

    • @EMA9-MCAD-RSI
      @EMA9-MCAD-RSI Месяц назад

      Also, NEWS 😅

    • @EMA9-MCAD-RSI
      @EMA9-MCAD-RSI Месяц назад

      No China companies.... Looks like RSLS is a winner right now

  • @ryanrimmer4013
    @ryanrimmer4013 Месяц назад

    What was the news on TGL?

  • @dusteye1616
    @dusteye1616 Месяц назад

    Now both TGL and KAVL have s-3 filings, KAVL just did a streamlined one

    • @dusteye1616
      @dusteye1616 Месяц назад

      RSLS & DBI has some bullish sentement, both have shortings

  • @michaelsaligan9866
    @michaelsaligan9866 Месяц назад

    Do you ever do these trades live or have a chat room your in everyday?

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад

      Yes! I trade these live every day on the live stream ! you can see it here www.warriortrading.com/pro-preview-trial/

  • @JMontague990
    @JMontague990 Месяц назад

    If you are using all your capital on one single trade, how far down are you putting your stop limit?
    Edit* I see you said a "mental" 4cents stop. Isn't that just hoping for it to not just flush and bottom out?

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад +1

      Mental stops usually fill as soon as i click the sell button !

    • @melvinmoorman4512
      @melvinmoorman4512 Месяц назад

      You have to become fluent in reading level 2 and have your hot keys ready to go. This isn’t a strategy where you can set it and walk away. If you feel better setting a stop then by all means do what you feel is best. IMO by the time a stop is set you may miss the exit anyway. I don’t think limit orders work in extended hours? Correct me if im wrong please.

    • @melvinmoorman4512
      @melvinmoorman4512 Месяц назад

      @@DaytradeWarriorsame!

    • @JMontague990
      @JMontague990 Месяц назад

      @@DaytradeWarrior i must not be using level 2 right. Because many times "boom!" It bottoms out. And I have seen it happen to you too. So that's not always the case.

  • @ElChuntyCabra
    @ElChuntyCabra Месяц назад +1

    First!

  • @mr.okeerlee9687
    @mr.okeerlee9687 Месяц назад

    Can't quite see how the "One Trade" idea can mesh with the "build a cushion before going full size"

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад +1

      It is 2 different types of trading! one style is growing a small account while the other way is more of a professionals approach

  • @MotebangMoeti9811
    @MotebangMoeti9811 Месяц назад

    I wonder if this kind of trading would work for Forex.

    • @BigEd773
      @BigEd773 Месяц назад

      $AAGC has obligated themselves to buy back shares of their own stock every month using 20% of their monthly profits. Therefore if you buy and hold then - theoretically you can sell it back for $10 per share. As long as every investor understands this - we all go to the moon

  • @charlottesmith6345
    @charlottesmith6345 Месяц назад

    I’m so tired of not being profitable!!!! Having only 2k buying power is so difficult.

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад +1

      Hey have you checked out the trial and thought about the classes to give your self the best chance? www.warriortrading.com/pro-preview-trial/

    • @charlottesmith6345
      @charlottesmith6345 Месяц назад

      I’ve watched all your classes on RUclips! 😊 I might just do that! 🎉

    • @charlottesmith6345
      @charlottesmith6345 Месяц назад

      I mean man today…second something starts moving…. 🐻

    • @charlottesmith6345
      @charlottesmith6345 Месяц назад

      @@DaytradeWarrior Alright! I am in. Let me know where I need to be tmw morning at 7AM. 😁

  • @cruzi5922
    @cruzi5922 Месяц назад

    hey ross! i am from india how can i trade us stocks like u from india ?

    • @DaytradeWarrior
      @DaytradeWarrior  Месяц назад

      Yes you can! We recently made a video answering this very question: ruclips.net/video/robQFOU18tM/видео.html

  • @kingyetoe
    @kingyetoe Месяц назад

    NUKK 👀

  • @DANNYzFiLMS
    @DANNYzFiLMS Месяц назад

    Big ross

  • @ChengHao03
    @ChengHao03 Месяц назад

    My life changed too when I started doing this and putting money in stocks. The first few years it as really great, but this year I haven't felt like my portfolio is doing well. I have lost more than $40,000 from my portfolio the past four months, and it's now very worrisome.

    • @BaozhaiDongmei
      @BaozhaiDongmei Месяц назад

      The year has been really rough for everybody. But I've been able to cushion the effect though. Have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.

    • @Friedrich-j3i
      @Friedrich-j3i Месяц назад

      The year has been really rough for everybody. But I've been able to cushion the effect though. Have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.

    • @JunlaiAiguo3c
      @JunlaiAiguo3c Месяц назад

      Oh, really? I have never thought of that as an option. Can I ask who it is you've been working with? I bet I could use some help myself.

  • @joebattipaglia7045
    @joebattipaglia7045 Месяц назад

    Second!

  • @7-z7y
    @7-z7y Месяц назад

    POET....that is all

  • @user_abcxyzz
    @user_abcxyzz Месяц назад +1

    A penny stock is anything below 5.00. The risks are the same for a 5$ stock as a 3$ and lower stock, which is highly volatile and not recommended for newbies

  • @tronghungdao251
    @tronghungdao251 8 дней назад

    ❤❤❤🎉🎉🎉